2024-05-15T09:13:05-05:00 2023-06-30 954557617 Harrington Group CPAs LLP 2698 Mataro Street Pasadena CA 91107 990 2022-07-01 942693186 Advaita Society-Mount Madonna School ADVA 4088472717 445 Summit Road Watsonville CA 95076 Ronald Bingham Treasurer 4088472717 2024-05-15 1 Ronald Bingham 999009999 1 Tonetta L Conner CPA P01775198 6264036801 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Mount Madonna School Judith S Diffenbaugh 445 Summit Road Watsonville CA 95076 4990640 0 2681 X www.MountMadonnaSchool.org X 1979 CA We are a diverse learning community dedicated to creative, intellectual and ethical growth. We support our students to become caring, self-aware, discerning and articulate individuals. We believe a fulfilling life includes personal accomplishments, meaningful relationships, and service to society. 16 13 91 166 0 0 591884 697122 4183122 4206028 5687 -26854 27350 40057 4808043 4916353 1090746 1212214 0 0 2964726 2906708 0 0 222920 1553346 1101584 5608818 5220506 -800775 -304153 3929318 3721617 1738866 1702713 2190452 2018904 X Accredited by the California Association of Independent Schools and the Western Association of Schools and Colleges to provide a private preschool, elementary and secondary school that is dedicated to excellent academics, positive character development and creative self-expression. 0 0 3763741 1212214 4206028 To provide a private preschool, elementary and secondary school that is dedicated to excellent academics, positive character development and creative self-expression.During the year covered, 180 days of education were provided to 158 students. 3763741 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 9 0 1 91 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X X Ronald Bingham Treasurer 4088472717 491 Summit Road Watsonville CA 95076 Judith Sarada Diffenbaugh PhD President 2.00 X X 0 0 0 Ronald Bingham Treasurer 4.00 20.00 X X 0 0 0 Kami Pacheco Secretary 40.00 X X 64153 0 8319 Ann Goewert Head of School 40.00 X X 124651 0 5245 Laurie Getz Board Member 1.00 X 0 0 0 Elizabeth Brennan Board Member 1.00 X 0 0 0 Forrest Cambell Board Member 1.00 X 0 0 0 Madeline Hayes Board Member 1.00 X 0 0 0 Marissa Kannan JD Board Member 1.00 X 0 0 0 Carson Kelly Board Member 1.00 X 0 0 0 Sahana Lakka Board Member 1.00 X 0 0 0 Daniel Nanas Board Member 1.00 X 0 0 0 Warren Sampson Board Member 1.00 X 0 0 0 Nicole Silva Culbertson Board Member 40.00 X 54930 0 0 Kevict Yen Board Member 1.00 X 0 0 0 Abbie Zands Board Member 1.00 X 0 0 0 243734 0 13564 1 0 0 0 0 22205 399000 275917 17686 697122 Tuition and fees 611600 4115871 4115871 Productions 900099 88155 88155 Other fees 900099 2002 2002 4206028 30916 30916 6000 63770 -57770 -57770 -57770 1661 22205 1661 0 27929 8856 19073 19073 Miscellaneous income 900099 20984 20984 20984 4916353 4206028 0 13203 1212214 1212214 266578 76266 162525 27787 2213153 1245476 827209 140468 242620 190782 43664 8174 184357 138268 39452 6637 2834 2834 8843 8843 56456 56456 119994 46901 70842 2251 59491 59491 459 459 80921 80921 187015 140261 40021 6733 129097 96823 27627 4647 Field trips 154830 154830 Productions 98908 98908 School supplies 37091 37091 Summer school expenses 26876 26876 138769 101718 10828 26223 5220506 3763741 1233845 222920 264130 130005 1100834 1074925 10145 445 78521 58939 12263 11257 47401 43985 3803972 2143546 1844930 1660426 571094 741635 3929318 3721617 88655 121665 1050211 981048 600000 600000 1738866 1702713 X 517583 413270 1672869 1605634 2190452 2018904 3929318 3721617 -304153 142605 -10000 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1442877 164339 20000 1587216 1410062 269125 -216130 20180 1442877 1208538 32973 168551 1410062 1033532 68275 106731 1208538 234748 771791 36993 10000 1033532 0.74440 0.25560 0 0 1612259 804164 808095 1130175 470906 659269 296500 192019 104481 765038 676457 88581 1660426 Note payable to Advaita Society - Hanuman Fellowship (related party) 600000 600000 X 4371962 142605 532400 -1210553 -535548 4907510 8843 8843 4916353 4543510 542400 -1210553 -668153 5211663 8843 8843 5220506 Part V, Line 4: There are two Endowment Funds. One is a Board directed Endowment Campaign Fund and the other is a scholarship Endowment Fund. Scholarships may be paid from the annual income on the scholarship fund, including capital gains. Per the donor's instructions, the total amount paid annually for scholarships should not exceed 6% of the value of the assets. The Board has adopted a resolution stating these policies: reinvest all earnings and not to draw from the Endowment Campaign fund, except fees for investment advisory services, until the total value is more than $1 million. Between the total values of $1 million and $5 million, no more than 50% of income from principal may be withdrawn, Above $5 million in value, the Board will adopt a formula to determine the amount of distributable income. Part X, Line 2: The School is exempt from taxation under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. Generally accepted accounting principles provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the School in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. The School's returns are subject to examination by federal and state taxing authorities, generally for three and four years, respectively, after they are filed. Part XI, Line 2d - Other Adjustments: Special event expense 1,661. Tuition assistance/remission netted against revenue on audited financial statements -1,212,214. Part XII, Line 2d - Other Adjustments: Special event expense 1,661. Tuition assistance/remission netted against revenue on audited financial statements -1,212,214. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Mount Madonna School posts the following nondiscrimination policy on their website year round: Mount Madonna School's open admission and financial assistance policies do not discriminate on the basis of race, gender, sexual preference, ethnic origin, disability, marital status, religion, creed or similar factors. This policy applies to all areas of student concerns: admissions, athletics, educational policies, financial assistance, and other school administered programs. Summit/ Auction 23866 22205 1661 1661 23866 22205 1661 1661 1661 0 1 Student financial aid, scholorships, & discounts 91 1212214 Part I, Line 2: The school uses the professional services of FACTS, a third-party platform, to help determine eligibility for need-based financial aid. All families that apply for aid are required to file with FACTS. Once we receive the opinion of the FACTS service, we are able to compare the financial position of our families to one another. We take this information into account with the total tuition burden of the individual family along with the resources that the school has to devote to need-based financial aid. This allows us to award need-based financial aid. All need-based aid is detailed on the students tuition accounts, which are part of the financial accounts the school keeps. The school is able to monitor the use of granted funds very closely. No grant funds are made in cash. All grants are made in the form of credits to student tuition accounts. Tuition Remission is a benefit of full-time employment at the School. All members of the class of full-time employees are eligible for this benefit. The amount of the benefit is based on the student's grade, and is published annually in the compensation schedule which is available to all employees. Carson Kelly Board Member 16683 Tuition Remission grant for 1 of Carson Kelly's daughters. Grant eligible because of spouse's full time employment status. Forrest Cambell Board Member 16683 Tuition Remission grant for 1 of Mr. Cambell's daughters. Grant eligible because of spouse's full time employment status. Nicole Silva Culbertson Board Member 33366 Tuition Remission grant for 2 children. Grant eligible because of spouse's full time employment status. Form 990, Schedule L, Part IV Tuition Remission is a benefit of full-time employment at the School. All members of the class of full-time employees are eligible for this benefit. The amount of the benefit is based on the student's grade, and is published annually in the compensation schedule which is available to all employees. Form 990, Part VI, Section A, line 6 The Board of Trustees are considered members of the corporation according to the Bylaws. Form 990, Part VI, Section A, line 7a The main purpose of the Board of Trustees is to appoint the Head(s) of School and the Board of Directors. Form 990, Part VI, Section A, line 7b Trustees are responsible for selecting the Head of School when that becomes necessary. The Trustees can amend the Bylaws and the Articles of Incorporation. The Trustees have the right to vote on nominations for members of the Board of Directors. While the Trustees do not usually participate with matters before the Board of Directors, the Trustees are able to amend or overrule Board decisions. Form 990, Part VI, Section B, line 11b The Mount Madonna School Board reviews and discusses the draft Form 990 and votes to approve the final version in a Board meeting prior to the return being filed. Form 990, Part VI, Section B, line 12c Those Board Members who are employees are not allowed to vote on Board decisions affecting their own pay. Those Board Members who have connections to an outside business must disclose their financial interest so that the School management is aware of these financial interests. Usually, the School management is aware of any financial interests before the individual is invited to be on the Board. If the School contemplates doing business with that external business, then there is a Board discussion first in which the Member with the financial interest does not have a vote. Neither the Trustees nor the Board recommend vendors or other business partners to School management. Key employees also sign the policy annually and are required to disclose any financial interests they may have. Form 990, Part VI, Section B, line 15a The President of our Board is a volunteer. The Head of School's compensation is now negotiated with the Trustees. In preparation for this negotiation, we research executive compensation at comparable schools through data from the National Association of Independent Schools. All other administrators are paid according to the same compensation schedule as the teachers. All employees, including the Head of School, make substantially less than $100,000. Question 15(b) has been answered No because the other officers who earned compensation did so in their capacity as members of the school faculty, rather than their roles on the Board of Directors. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Advaita Society - Hanuman Fellowship 445 Summit Road Watsonville CA 95076 510174679 Study, Practice and Teach Spiritual Knowledge CA 501(c)3 9 N/A 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0